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A Firm Has Annual Sales of $320,000,a Price-Earnings Ratio of 24,and

Question 78

Multiple Choice

A firm has annual sales of $320,000,a price-earnings ratio of 24,and a profit margin of 4.2 percent.There are 14,000 shares of stock outstanding.What is the price-sales ratio?


A) 0.97
B) 1.01
C) 1.08
D) 1.15
E) 1.22

Correct Answer:

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